HUD

WASHINGTON, DC - July 6, 2011 - (RealEstateRama) -- Homeowners living in Cameron, Orleans, Plaquemines, and St. Bernard Parishes may be eligible for additional compensation under the Louisiana’s Road Home Program under the terms of a settlement agree...

WASHINGTON, DC - July 1, 2011 - (RealEstateRama) -- The Federal Housing Administration (FHA) today published updated condominium policy guidelines and instructions that clarify the approval and recertification process and policies for condo projects. FHA's mortgagee letter includes a Condominium Policy Guide and Implementation Schedule identifying timelines for lenders to comply with the guidelines

WASHINGTON, DC - June 30, 2011 - (RealEstateRama) -- Kimberly Wize, a U.S. Housing and Urban Development (HUD) senior advisor for public housing programs, will serve as the new administrative receiver and one-person board of commissioners for the Virgin Islands Housing Authority (VIHA) effective July 1st. HUD announced Wize replaces Mirza Negron Morales, a HUD Deputy Regional Administrator, who served two years in this capacity.

WASHINGTON, DC - June 29, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced publication of a final rule setting the minimum standards that states must meet to comply with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) in licensing mortgage loan originators. The final rule is posted for public display on the Federal Register’s Electronic Public Inspection Desk today and will be published in tomorrow's Federal Register.

WASHINGTON, DC - June 27, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today released a study that finds the nation’s 1.2 million public housing units need an estimated $25.6 billion for large scale repairs. This study updates a 1998 analysis and includes costs to address overdue repairs, accessibility improvements for disabled residents, lead abatement, and water and energy conservation that would make the homes more cost effective and energy efficient.

WASHINGTON, DC - June 24, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today released a study that finds the nation’s 1.2 million public housing units need an estimated $25.6 billion for large scale repairs. This study updates a 1998 analysis and includes costs to address overdue repairs, accessibility improvements for disabled residents, lead abatement, and water and energy conservation that would make the homes more cost effective and energy efficient

WASHINGTON, DC - June 24, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced nearly $210 million in Indian Housing Block Grant (IHBG)allocations to 146 tribes in 25 states (see attached list). Thesefunds are distributed each year based on a formula to eligible Indian tribes or their tribally designated housing entities for a range of affordable housing activities.

WASHINGTON, DC - June 22, 2011 - (RealEstateRama) -- Today, U.S. Housing and Urban Development Secretary Shaun Donovan announced that HUD will be investing an additional $67 million towards creating stronger, more sustainable communities that connect housing to jobs while fostering local innovation and building a clean energy economy through its Sustainable Communities Regional Planning Grant program.

WASHINGTON, DC - June 20, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) in conjunction with NeighborWorks® America announced the launch of the Emergency Homeowners’ Loan Program (EHLP) today, to help homeowners who are at risk of foreclosure in 27 states across the country and Puerto Rico.

WASHINGTON, Dc - June 16, 2011 - (RealEstateRama) -- All across the U.S., public housing authorities are gearing up for Father’s Day weekend. The U.S. Department of Housing and Urban Development is excited that approximately 200 agencies across the nation answered HUD’s call to host Father’s Day 2011events this Saturday– the day before the official Father’s Day – to celebrate fatherhood, family and to support dads in staying connected with their children. To see what housing authorities are hosting events in your area, visit Father’s Day 2011 Housing Authorities.

WASHINGTON, DC - June 16, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the Commonwealth of Massachusetts and provide support to homeowners and low-income renters forced from their homes following severe storms and tornadoes two weeks ago.

WASHINGTON, DC - June 16, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $26.7 million in “sweat equity” grants to produce at least 1,500 affordable homes for low-income individuals and families. Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the funding awarded today, along with the labor contributed by these households, will significantly lower the cost of homeownership.

WASHINGTON, DC - June 15, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today that a HUD Administrative Law Judge (ALJ) has ordered a Marshall County, Alabama, landlord to pay $49,165 in damages and penalties for violating the Fair Housing Act. HUD initially charged Phillip and Opal Maze, respectively the rental manager and owner of a Marshall County mobile home, with discriminating based on race in December 2009. In an order that became final on May 25, 2011, the ALJ found that Phillip Maze discriminated against a white family and an African American man because one of the family members was dating the African American man

WASHINGTON, DC - June 15, 2011 - (RealEstateRama) -- According to its latest national homeless assessment, the U.S. Department of Housing and Urban Development reports the number of homeless persons in the U.S. held steady between 2009 and 2010, despite the economic downturn. For the first time, HUD’s annual report reveals how the Recovery Act’s Homelessness Prevention and Rapid Re-Housing Program (HPRP) helped to mitigate homelessness in America, assisting nearly 700,000 persons in the first year of the program

WASHINGTON, DC - June 13, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan and U.S. Department of Veterans Affairs Secretary Eric K. Shinseki announced today that HUD will provide $5.4 million to public housing authorities in 18 states to supply permanent housing and case management for 676 homeless Veterans in America. This is the fourth and final round of the FY 2010 Veterans Affairs Supportive Housing Program (HUD-VASH)funding to support homeless Veterans.

WASHINGTON, DC - June 13, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded more than $31 million in grants to public housing authorities, resident associations and non-profit organizations across the U.S. to help public housing residents connect to services available in the community to find employment to increase their economic independence.

WASHINGTON, DC - June 13, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the May edition of the Obama Administration's Housing Scorecard. New to this month’s report are detailed assessments for the 10 largest mortgage servicers participating in the Administration’s Making Home Affordable Program, setting a new industry benchmark for disclosure on servicer assistance to struggling homeowners. In addition to providing greater transparency about servicer performance in the program, the new assessments are intended to prompt mortgage servicers to correct identified deficiencies to improve program implementation and more effectively reach eligible homeowners

WASHINGTON, D.C. - June 7, 2011 - (RealEstateRama) -- Six federal agencies have approved and will submit a Federal Register notice that extends the comment period on the proposed rules to implement the credit risk retention requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period was extended to August 1, 2011, to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by June 10, 2011.

WASHINGTON, DC - June 7, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today that $3.6 million in Choice Neighborhoods Planning Grants will be awarded in fiscal year 2011 to assist in the transformation, rehabilitation and preservation of public housing and privately owned HUD-assisted housing. Read HUD’s FY 2011 Choice Neighborhoods Notice of Funding Availability.

WASHINGTON, DC - June 3, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to the Stillwater Hospital Association in Columbus, Montana. The $14.3 million loan i...